Decision Sciences
a year ago

Revolutionizing contract design for fairer outcomes in principal-agent transactions!

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The Sample Complexity of Online Contract Design
Banghua Zhu, Stephen Bates, Zhuoran Yang, Zhaoran Wang, Jiantao Jiao, Michael I. Jordan

Paper Summary

Contract theory looks at how people make agreements when one person knows more than the other. The goal is for the boss to get what they want by hiring workers, and for the workers to make money. They create contracts to say how much the boss will pay based on the worker's performance.

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